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March 16, 2000

Simple Technology Inc., a Santa Ana maker of products that boost the memory capacity of computer systems, hopes to raise up to $57.5 million in its first public offering of stock, according to a document filed with regulators. The company did not disclose in its registration statement filed with the Securities and Exchange Commission how many shares it would sell or when the offering would be made. The document said the company would use the proceeds from the sale for debt repayment and for working capital.

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